,i  #aaeth ,,congress  #ast ,session    
,h4 ,r4 #dedf  ,,in ,,the ,,house ,,of  
,,representatives  ,december #e1        
#bjag,mr4 ,royce of ,california 7for    
himself and ,mr4 ,hultgren7 introduced  
the following bill2 which was referred  
to the ,committee on ,financial         
,services  ,a ,,bill  ,to amend the     
,securities ,act of #aicc to specify    
when a nationally traded security is    
exempt from ,state regulation of        
security offerings4  #a4 ,short title   
,this ,act may be cited as the ,national
 ,securities ,exchange ,regulatory      
,parity ,act4  #b4 ,nationally traded   
securities exemption ,section           
#ah7;b77#a7 of the ,securities ,act of  
#aicc 7#ae ,u4,s4,c4 #ggr7b77#a77 is    
amended--  7#a7 by striking subparagraph
 7,a72  7#b7 in subparagraph 7,b7--     
7,a7 by inserting a security designated 
as qualified for trading in the national
 market system pursuant to section      
#aa;,a7a77#b7 of the ,securities        
,exchange ,act of #aicd that is before  

listed2 and  7,b7 by striking that has  
listing standards that the ,commission  
determines by rule 7on its own          
initiative or on the basis of a         
petition7 are substantially similar to  
the listing standards applicable to     
securities described in subparagraph    
7,a72  7#c7 in subparagraph 7,c71 by    
striking or 7,b72 and  7#d7 by          
redesignating subparagraphs 7,b7 and    
7,c7 as subparagraphs 7,a7 and 7,b71    
respectively4